Fed minutes, US futures, gold, Walmart - what's moving markets

Keysight Technologies (KEYS) PT Raised to $175 at Deutsche Bank

Deutsche Bank analyst Matthew Niknam raised the price target on Keysight Technologies (NYSE: KEYS) to $175.00 (from $163.00) while maintaining a Buy rating.

The analyst comments "We believe the messaging this quarter was an incremental step in the right direction, with... More

DA Davidson Reiterates Buy Rating on Target (TGT)

DA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "About a year ago, we wrote a deep dive report laying out the margin pressure points for Target since the post COVID peak in... More

Citi Opens 30-Day Upside Catalyst Watch on JD.com, Inc (JD)

Citi analyst Alicia Yap reiterated a Buy rating and $41.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "Over the past 6-12 months, internet companies have been increasingly accelerating their buyback activities. JD is among the notable ones that have stepped up their buyback pace aggressively. After utilizing US$2.1bn out of its previous... More

Keysight Technologies (KEYS) PT Raised to $163 at Baird

Baird analyst Richard Eastman raised the price target on Keysight Technologies (NYSE: KEYS) to $163.00 (from $160.00) while maintaining a Outperform rating.

The analyst comments "Remain Outperform. Orders/sales/EPS all performed a bit better than we/KEYS expected in F3Q, even excluding tax... More

Citi Downgrades The TJX Companies (TJX) to Neutral

Citi analyst Paul Lejuez downgraded The TJX Companies (NYSE: TJX) from Buy to Neutral with a price target of $128.00 (from $110.00).

The analyst comments "We are downgrading TJX from Buy to Neutral, though raising our TP from $110 to $128 (7% upside). The TJX... More

The TJX Companies (TJX) PT Raised to $135 at BofA Securities

BofA Securities analyst Lorraine Hutchinson raised the price target on The TJX Companies (NYSE: TJX) to $135.00 (from $115.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating following a particularly strong quarter, supporting our view that TJX is a... More

Toll Bros. (TOL) PT Raised to $143 at RBC Capital

RBC Capital analyst Mike Dahl raised the price target on Toll Bros. (NYSE: TOL) to $143.00 (from $130.00) while maintaining a Outperform rating.

The analyst comments "We raise our FY24E EPS by +5% to $14.74, vs. the new $14.50-$14.75 guide, driven by upside in... More

Morgan Stanley Reiterates Overweight Rating on Target (TGT)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT).

The analyst comments "How Q2'24 shapes our view. We are OW rated TGT and maintain our $180 price target, representing ~13% upside. Following todays rally, the stock... More

Toll Bros. (TOL) PT Raised to $160 at BofA Securities

BofA Securities analyst Rafe Jadrosich raised the price target on Toll Bros. (NYSE: TOL) to $160.00 (from $150.00) while maintaining a Buy rating.

The analyst comments "Toll Brothers (TOL) reported F3Q24 (ended July) EPS ahead of our/consensus estimates and raised its full year... More

Toll Bros. (TOL) PT Raised to $168 at Oppenheimer

Oppenheimer analyst Tyler Batory raised the price target on Toll Bros. (NYSE: TOL) to $168.00 (from $157.00) while maintaining a Outperform rating.

The analyst comments "We updated our TOL model for FY3Q24 earnings. Our FY24 EPS is $14.63 (prior $13.97). TOL remains a top... More

Target (TGT) PT Raised to $157 at Roth/MKM

Roth/MKM analyst Bill Kirk raised the price target on Target (NYSE: TGT) to $157.00 (from $153.00) while maintaining a Neutral rating.

The analyst comments "While Target beat 2Q expectations, we struggle to share the optimism shown in the market's reaction: 1) customers have not returned... More

The TJX Companies (TJX) PT Raised to $138 at Evercore ISI

Evercore ISI analyst Michael Binetti raised the price target on The TJX Companies (NYSE: TJX) to $138.00 (from $126.00) while maintaining a Outperform rating.

The analyst comments "TJXs 2Q Clinic on Over-Delivering and Under-Promising for 2H: This quarter was the biggest statement... More

Walmart (WMT) PT Raised to $80 at Evercore ISI

Evercore ISI analyst Greg Melich raised the price target on Walmart (NYSE: WMT) to $80.00 (from $78.00) while maintaining a Outperform rating.

The analyst comments "We are updating our Walmart Sum of the Parts (SOTP) analysis to reflect the divestiture of its JD.com... More

The TJX Companies (TJX) PT Raised to $115 at Wells Fargo

Wells Fargo analyst Ike Boruchow raised the price target on The TJX Companies (NYSE: TJX) to $115.00 (from $100.00) while maintaining a Equal Weight rating.

The analyst comments "Puts and Takes on Guide. Mgmt highlighted 3Q was "off to a strong start" while... More

Target (TGT) PT Raised to $180 at Wells Fargo

Wells Fargo analyst Edward Kelly raised the price target on Target (NYSE: TGT) to $180.00 (from $160.00) while maintaining a Overweight rating.

The analyst comments "Remain Overweight: The stock's reaction today seems appropriate given concerns heading into the print. While macro uncertainty remains, back half... More

Target (TGT) PT Raised to $195 at Telsey

Telsey analyst Joseph Feldman raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Outperform rating.

The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 EPS guidance. The company... More

Target (TGT) PT Raised to $188 at Citi

Citi analyst Paul Lejuez raised the price target on Target (NYSE: TGT) to $188.00 (from $180.00) while maintaining a Buy rating.

The analyst comments "Though many feared a consumer slowdown 2Q, TGT (like WMT), had a message of consistency. TGTs June and July... More

Target (TGT) PT Raised to $192 at Goldman Sachs

Goldman Sachs analyst Kate McShane raised the price target on Target (NYSE: TGT) to $192.00 (from $191.00) while maintaining a Buy rating.

The analyst comments "TGT is currently up ~13% (vs. the S&P 500 at +0.3%) after its 2Q beat and revised FY24 guidance. The company's... More

Target (TGT) PT Raised to $195 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on Target (NYSE: TGT) to $195.00 (from $190.00) while maintaining a Buy rating.

The analyst comments "TGT's 2Q top-and bottom-line results came in ahead of Street ests. TGT returned to positive comp growth driven by improving traffic... More

The TJX Companies (TJX) PT Raised to $140 at Jefferies

Jefferies analyst Corey Tarlowe raised the price target on The TJX Companies (NYSE: TJX) to $140.00 (from $130.00) while maintaining a Buy rating.

The analyst comments "Comp growth of +4% came in ahead of cons., driven entirely by increased customer transactions. Due to the strong top-line... More

DA Davidson Reiterates Buy Rating on Target (TGT)

DA Davidson analyst Michael Baker reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "In one of the more surprising prints so far in big box earnings season, Target pivoted back to its winning ways, beating 2Q... More

Telsey Reiterates Outperform Rating on Target (TGT)

Telsey analyst Joseph Feldman reiterated an Outperform rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "TAG View: Target reported better-than-anticipated 2Q24 resultsreturning to positive sales and profit growthand raised its 2024 profit guidance. The company reported 2Q24 EPS of $2.57, well ahead of our estimate of $2.19 and the FactSet consensus (FS) of $2.18, with a comp of 2.0% vs. our... More

BMO Capital Reiterates Market Perform Rating on Target (TGT)

BMO Capital analyst Kelly Bania reiterated a Market Perform rating and $145.00 price target on Target (NYSE: TGT).

The analyst comments "TGT's F2Q25 was better than expectations on comps of 2% y/y vs. 1% expectations and gross margin upside. FY25 EPS guidance was... More

Goldman Sachs Reiterates Buy Rating on Keysight Technologies (KEYS)

Goldman Sachs analyst Mark Delaney reiterated a Buy rating and $181.00 price target on Keysight Technologies (NYSE: KEYS).

The analyst comments "Keysight reported 3QFY24 revenue/non-GAAP EPS of $1.22 bn/$1.57, 2%/$0.22 above the Street (FactSet). Excluding the impact of tax-rate benefits, non-GAAP EPS would have been $1.41. Orders in the... More

Goldman Sachs Reiterates Buy Rating on Target (TGT)

Goldman Sachs analyst Kate McShane reiterated a Buy rating and $191.00 price target on Target (NYSE: TGT).

The analyst comments "TGT reported 2Q24 EPS of $2.57, above GS/consensus (Refinitiv) of $2.34/$2.18. SSS came in at +2.0%, vs. consensus of +1.2%, with an increase in traffic (+3.0%)... More

JPMorgan Reiterates Neutral Rating on Target (TGT)

JPMorgan analyst Christopher Horvers reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).

The analyst comments "Overall, TGT posted strong results, with $2.57 of EPS well ahead of our $2.24 and the Streets $2.19 per Consensus Metrix, driven by better-than-expected sales growth and a gross margin beat. Comps came in at +2.0%, ahead of our... More

Morgan Stanley Reiterates Overweight Rating on Target (TGT)

Morgan Stanley analyst Simeon Gutman reiterated an Overweight rating and $180.00 price target on Target (NYSE: TGT)

The analyst comments "1) That TGT can reinvigorate top-line while generating margin expansion, the crux of our OW thesis in '24, was evident in Q2'24, a nice improvement from Q1'24. Delivering these results amid a tougher quarter for the retail industry shows the power of: 1) the TGT brand, 2) its merchandising efforts, 3) recent price reductions driving sales, and 4)... More

Citi Reiterates Buy Rating on Target (TGT), 'we expect the stock to be up significantly'

Citi analyst Paul Lejuez reiterated a Buy rating and $180.00 price target on Target (NYSE: TGT)

The analyst comments "TGT beat EPS driven by sales and GM (and unlike in 1Q, SG&A was inline w/consensus). Despite some concerns a weak... More

Truist Securities Reiterates Hold Rating on Target (TGT)

Truist Securities analyst Scot Ciccarelli reiterated a Hold rating and $156.00 price target on Target (NYSE: TGT).

The analyst comments "Net/net Target posted its first comp growth in 5 quarters (albeit against the easiest comparisons it has faced in 15+ yrs) at +2.0% (2-year stack of -3.4% was... More

Jefferies Reiterates Buy Rating on Target (TGT)

Jefferies analyst Corey Tarlowe reiterated a Buy rating and $190.00 price target on Target (NYSE: TGT).

The analyst comments "Q2 comp sales of 2.0% beat expectations and was at the high end of guidance (flat-2%). Discretionary category trends continue to improve with apparel growing by... More

Stifel Reiterates Hold Rating on Target (TGT)

Stifel analyst Mark Astrachan reiterated a Hold rating and $147.00 price target on Target (NYSE: TGT).

The analyst comments "Comp increased 2%, better than consensus of 1.1%, with operating income of $1.635bn (consensus $1.385bn). The company maintained F2024 comp guidance (0%-2%), though anticipates... More

Roth/MKM Reiterates Neutral Rating on Target (TGT)

Roth/MKM analyst Bill Kirk reiterated a Neutral rating and $153.00 price target on Target (NYSE: TGT).

The analyst comments "Target's 2Q (comp sales/profitability beat) eases the dual fears of increased competition and a weakening consumer. Gross margin was ~70bps ahead of... More

Target stock surges as Q2 results top expectations, guidance raised

(Updated - August 21, 2024 9:51 AM EDT)

Target (NYSE: TGT) saw its shares soar 15% on Wednesday after the retailer reported better-than-expected second-quarter earnings and revenue while also raising its full-year profit outlook.

The Minneapolis-based company posted adjusted earnings per share of $2.57, surpassing analyst estimates of $2.19. Revenue for the quarter came in at $25.45 billion, beating the consensus forecast of $25.2 billion and representing a 2.6% YoY increase.

Comparable sales grew 2% in the second quarter, driven by a 3% increase in traffic. Digital comparable sales rose 8.7%, with same-day services experiencing double-digit growth.

Target's operating income margin... More

UBS Reiterates Buy Rating on Toll Bros. (TOL)

UBS analyst John Lovallo reiterated a Buy rating and $154.00 price target on Toll Bros. (NYSE: TOL).

The analyst comments "TOL reported FY3Q adj. EPS of $3.60, above both UBSe of $3.23 and Cons. of $3.35. The adj. operating beat versus UBSe was driven by stronger than modeled home sales revenue of $2.72bn (UBSe $2.68bn, Cons. $2.71bn), a higher than expected home sales adj. gross margin (ex impairments and amortization of... More

Citi Reiterates Buy Rating on JD.com, Inc (JD)

Citi analyst Alicia Yap reiterated a Buy rating and $41.00 price target on JD.com, Inc (NASDAQ: JD).

The analyst comments "We view todays news regarding Walmart exiting JD.com 9.4% stake as a surprise and >10% share price decline likely have reflected the unexpected
news. Per Reuters... More

Lowe's (LOW) PT Lowered to $238 at RBC Capital

RBC Capital analyst Steven Shemesh lowered the price target on Lowe's (NYSE: LOW) to $238.00 (from $245.00) while maintaining a Sector Perform rating.

The analyst comments "Continued comp softness and a guidance cut were expected. One could argue that the setup heading into FY'25 (a... More

Lowe's (LOW) PT Lowered to $275 at BofA Securities

BofA Securities analyst Robert F. Ohmes lowered the price target on Lowe's (NYSE: LOW) to $275.00 (from $280.00) while maintaining a Buy rating.

The analyst comments "LOW reported F2Q25 adj. EPS of $4.10, ahead of our $4.00 est. Comps declined -5.1% y/y driven by continued softness... More

Keysight Technologies (KEYS) PT Raised to $150 at BofA Securities

BofA Securities analyst David Ridley-Lane raised the price target on Keysight Technologies (NYSE: KEYS) to $150.00 (from $135.00) while maintaining a Underperform rating.

The analyst comments "Keysight, a leading test & measurement company, saw core orders decline (1)% y/y in 3QF24 (July). This was... More

Lowe's (LOW) PT Lowered to $280 at Wells Fargo

Wells Fargo analyst Zachary Fadem lowered the price target on Lowe's (NYSE: LOW) to $280.00 (from $290.00) while maintaining a Overweight rating.

The analyst comments "Not a perfect setup; reasons to defend. Macro remains influx & the category isn't improving, but LOW Q2 update found a... More